Newt's Big Idea: Technology, Energy and the National Debt

What if we could pay off the entire national debt without a penny of tax money?

by Rod D. Martin
March 14, 2012

As with every topic in Washington, the National Debt, if thought about at all, is thought about with precisely zero creativity.  Democrats are worse:  they see a never-ending need to spend, combined with a never-ending need to tax.  Republicans are a little better, having after decades of refusal finally accepted in the 19990s Reagan, Gilder and Laffer's lessons that encouraging economic growth solves most revenue problems given time.  Unfortunately, in the 2000s some of them learned to spend like previous Democrats; and even worse, today's Democrats have learned to spend like children who believe money grows on trees.

This last bit, by the way, is not true.  The Democrat version of this -- that the money trees are hidden from the rest of us in walled gardens kept by greedy 1%ers? That therefore taxing the 1% to infinity will work just fine?-- well, that isn't true either.

I note these things to remind you how dismal most of these discussions really are, so…